Data as of .
EURL vs XEUR: which held to its multiple?
Over three months against its own daily promise, EURL finished 2.7 points short and XEUR 3.0 points short.
ETFIQ Decay Resistance Score: EURL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| EURL | XEUR | EURL | XEUR | EURL | XEUR | |
| 1 month | −8.1% | −5.7% | −7.3% | −4.8% | −0.8 pts | −0.9 pts |
| 3 months | +1.7% | +0.3% | +5.4% | +3.6% | −3.7 pts | −3.3 pts |
| 6 months | +26.0% | not published | +34.8% | not published | −8.8 pts | not published |
| 1 year | +32.5% | not published | +49.6% | not published | −17.1 pts | not published |
| 3 years | +157.6% | not published | +196.5% | not published | −38.9 pts | not published |
| Since launch | +38.2% | +3.6% | not meaningful | +7.6% | not meaningful | −4.0 pts |
| EURL Direxion Daily FTSE Europe Bull 3X ETF Aims to return three times the daily move of VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES (VGK) | XEUR Corgi Europe Equities 2x Daily ETF Aims to return twice the daily move of VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES (VGK) | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +3x | +2x |
| On | VGK | VGK |
| Segment | country | index |
| Fund returned, 3 months | +1.7% | +0.3% |
| Underlying returned, 3 months | +1.8% | +1.8% |
| What the stated multiple implies, 3 months | +5.4% | +3.6% |
| Difference from stated, 3 months | −3.7 pts | −3.3 pts |
| Fund returned, 1 year or since launch | +32.5% | +3.6% |
| Difference from stated, over that window | −17.1 pts | −4.0 pts |
| Underlying volatility | 12% | 12% |
| Difference over the days both have traded | no shared window | −3.3 pts |
| Expense ratio | 1.04% | 0.45% |
| Launched | Jan 22, 2014 | Jun 3, 2026 |
EURL in plain words
Three months to Sep 11, 2026: EURL returned +1.7% where its own daily promise gave +4.4%, 2.7 points short. Read the multiple against the whole window instead and +3 times VGK's 1.8% implies +5.4%, which makes EURL look 3.7 points short. 1.0 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. EURL aims to return +3 times VGK's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. VGK moved at 12% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
XEUR in plain words
Three months to Sep 11, 2026: XEUR returned +0.3% where its own daily promise gave +3.3%, 3.0 points short. Read the multiple against the whole window instead and +2 times VGK's 1.8% implies +3.6%, which makes XEUR look 3.3 points short. 0.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. XEUR aims to return +2 times VGK's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, EURL or XEUR?
- Over the window to Sep 11, 2026, EURL finished 3.7 points from what its multiple implies and XEUR finished 3.3 points from its own, so XEUR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are EURL and XEUR levered on the same thing?
- Yes. Both are levered on VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES, EURL at +3 times and XEUR at +2 times the daily move.
- Which one decays faster, EURL or XEUR?
- Decay follows how much the underlying moves about. Over this window EURL’s moved at 12% annualized and XEUR’s at 12%, so EURL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold EURL or XEUR for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, EURL or XEUR?
- EURL charges 1.04% a year and XEUR charges 0.45%, so XEUR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EURL against XEUR, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/EURL-XEUR Free to use with attribution; the underlying files are at Open data.